DJ JPY Strengthens Amid Global Growth Concerns -- Market Talk
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0217 GMT - JPY strengthens against G-10 and Asian currencies amid global growth worries, partly caused by mostly worse-than-expected Chinese economic data released Wednesday. The series of data out of China will be a focus today, revealing a further slowdown in the Chinese economy, according to IG, before the data were released. Also, a recent Covid-19 resurgence in China's Fujian province appears to be adding to further risks for the country's recovery, IG adds. USD/JPY edges 0.1% lower to 109.59, AUD/JPY drops 0.3% to 80.07 and SGD/JPY is down 0.1% at 81.56. ([email protected])
(END) Dow Jones Newswires
September 14, 2021 22:17 ET (02:17 GMT)